Penske Corporation and City of Detroit Announce Neighborhood Partnership with Jefferson Chalmers

DETROIT – Penske Corp. and the City of Detroit announced today a partnership with the Jefferson Chalmers neighborhood as part of the City’s Strategic Neighborhood Fund and Affordable Housing Leverage Fund initiative. The announcement took place at a press conference at Norma G’s restaurant in Jefferson Chalmers.

Penske Corp., along with six other corporations, has committed $5 million over five years to the City’s two funds to help revitalize neighborhoods. The City has already worked with Jefferson Chalmers residents to develop an action plan for the neighborhood with projects focused on parks and community spaces, streetscapes, commercial corridors and single- and multi-family affordable housing.

Penske Corp. Chairman Roger Penske said, “It’s an honor to partner with Mayor Duggan and his Strategic Neighborhood Fund Initiative to help the Jefferson Chalmers neighborhood. I am thrilled to help lead the charge to restore, renovate and reopen the Lenox Center and add a gymnasium, as part of the revitalization efforts.”

“When we announced this effort to improve our neighborhoods, an important part of the process was community engagement. When Penske Corporation joined this effort, we had a conversation with the residents in Jefferson Chalmers about a community partnership, and the response was overwhelming,” said Mayor Mike Duggan. “Now, we’re starting to see physical improvements in the neighborhood, and thanks to Penske Corporation, the residents have a strong partner to support these efforts moving forward.”

The Jefferson Chalmers neighborhood completed its initial planning phase early last month. The first project in Jefferson Chalmers will focus on the Lenox Community Center and A.B. Ford Park. Improvements to the Lenox Center and park will commence in March 2020 and a grand opening is planned for September 2020. This summer the park also will receive lighting improvements through City of Detroit bond funding and contributions from the Environmental Protection Agency will be used to enhance wildlife habitat.

About Penske Corp.

Penske Corp. is a diversified, on-highway, transportation services company whose subsidiaries operate in a variety of industry segments, including retail automotive, truck leasing, transportation logistics and professional motorsports. Penske Corp. manages businesses with consolidated revenues of more than $31 billion, operating in more than 3,660 locations and employing more than 63,000 people worldwide.